Company history/background
This startup develops ground-breaking technology that enables wireless energy transfer by coupling Magnetic Resonance Technology with Radio Frequency technology.
It expects a large market on B2B side, to start with, for its on-air wirelessly energizing Mobile phone case. Nevertheless, it is realizing also the manufacturers on the B2C side as cardinally important customers such as Telcos, GSM production companies, eBike producers, etc.
This company sees that the potential market is available in its first phase (for the Low- and Midsize-Wattage devices), resolved to enable the manufacturer to implement charging and feeding energy receiving capabilities in their productions and, getting rid of the batteries inside and/or cables as part of their devices. This innovation is welcomed by the device producers (e.g., with the eBike producers) who have been pre-consulted yet. This novelty inducts a pep for their marketing and enables them to a more modern line-production as well.
The founder of this company invented G codecs for VOIP deleting delay in voice transmission in internet telephones in 2000 and founded Freitelnet.de (now WEB.de).
Company activities
Traction on the market to date;
- They have interested parties for ESE and several Grocery and Fashion chains.
- With their communicative censoring (it has Smart City capacities, with permanent measurement of weather temp, humidity, illumination, traffic intensity being charged and communicating live data sending) they have a meeting ahead with 2 cities.
- They will work B2B for the above targets. For BTC with products like Mobile phone cases receiving energy on-air.
- They plan to work in and from the Netherlands -provided investor availability-, adding economic activities, that production can add to export capacity.
- They plan to generate income by delivering wireless energy products at +15 - 20% above traditional products prices (Calculated the cost of a charger, cable, iQ pad, energizing case as an example for the smartphone solution. Their price will be even cheaper than a conventional product with those necessities costing a lot of money). The target cost-side at -15% or less.
- The target general cost-side to the end-user shall be in general at least -20 % or less than the traditional devices with uptime cost-side and extra care necessities at the devices.
Unique selling points
Transferring the electricity on-air wirelessly to devices to feed or charge them will:
- Remove chargers per device;
- Make cables and sockets unnecessary;
- Deliver spatial freedom feeding or charging on-air and if needed;
- Add data transfer combined with powering.
- Reduce potential waste (batteries, cables, chargers, adapters).
- Reduce device care costs and grant devices longer uptime by reducing the operating cost up to 20% the least. (Compared with/derived from Iphone op-cost pre-and-after introduction of the induction technology there was a benefit to users of 8% in 2 years.)
Other
Capital amount needed:
€1.250.000 (for the first phase lasting until 6/2023)
Investment need:
The investment will be used for the phase when they have a POC.
- Staffing €600.000,-;
- Workplaces (lab) €200.000,-;
- Technical devices €200.000,-;
- Development cost €200.000,-;
- Usual company expenses €50.000,-.
Turnover (forecast) next 12 months:
€1.000.000,- (Starting)
Turnover (forecast) months 13 - 24:
€10.000.000,-
Current monthly expenses:
€50.000,-
Other relevant information:
In the last 4 years, the founder has spent 3,8 million euros in total on this project.
General information
- MBI candidate
- Strategic acquisition
- Investor